Mathematics

Mathematics, 28.10.2019 19:31, tatia65

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katelyn plans to apply for a $10,000 loan at an interest rate of 5.6% for 5 years. use the monthly payment formula to complete the statement.

m =

m = monthly payment
p = principal
r = interest rate
t = number of years
rounded to the nearest cent, katelyn’s monthly payment for the loan is $

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Mathematics, 30.06.2019 10:00, kxngtj3

Based on the details of each loan, which factor has the greatest impact on reducing the total repayment? ●loan #1: $2,000, 3 years, at 10% → $64.53 monthly payment ●loan #2: $2,000, 3 years, at 15% → $69.33 monthly payment ●loan #3: $2,000, 5 years, at 10% → $42.49 monthly payment a) longer loan period b) lower interest rate c) shorter loan period d) higher interest rate

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Mathematics, 02.07.2019 12:00, rexerlkman4145

Based on the details of each loan, which factor has the greatest impact on reducing the total repayment? ●loan #1: $2,000, 3 years, at 10% → $64.53 monthly payment ●loan #2: $2,000, 3 years, at 15% → $69.33 monthly payment ●loan #3: $2,000, 5 years, at 10% → $42.49 monthly payment a) longer loan period b) lower interest rate c) shorter loan period d) higher interest rate will give brainiest

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Computers and Technology, 27.08.2019 03:20, livleluve76

Program specification: this project involves implementing a java program that performs a calculation of payments associated with loans. the program shall allow a user to enter the following data: annual interest rate the loan (i.e. , number of years), and the loan amount. a gui like the one below must be used. loan calculator annual interest rate: number of years loan amount: monthly payment total payment calculate when the user presses the calculate button, the monthly payment and total amount of payments shall be displayed. the formula for computing the monthly payment (p) is: i a where i - periodic interest rate, a amount of loan, n number of compounding periods (12). for example, if the annual interest rate is 5 percent, the term of the loan is 2 years, and th loan amount is $2,000, and interest is compounded monthly: ·05/12+ .00417 n = 2 * 12 = 24 p = s87.74 total payment : 24 * $87.74

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Mathematics, 03.12.2019 18:31, sidneylww

Ireally need ! courtney plans to buy a new car and determines she can budget $400 monthly for six years. her bank is offering a 7.5% annual interest rate. what is the maximum car loan she can afford to stay within her budget? use the formula, a = p[(1+r)^n-1]/r(1+r)^n where p is the monthly payment, r is the monthly rate, and n is the number of months. a. $19,873.45 b. $21,000.50 c. $23,134.61 d. $27,425.75 financial institutions often offer lower auto loan rates for new cars than used ones. a local credit union advertises new car loans at 2.79% apr and used car loans at 3.29% both for up to 72 months. tyresa wants to buy a car but doesn’t want to spend more than $350 a month for a maximum of four years. what is the maximum loan amount she can take out for a new car and a used car using the advertised rates? use the formula, a = where p [(1+r)^n-1]/r(1+r)^2 is the monthly payment, r is the monthly rate, and n is the number of months. show all of your steps.

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